Open Metaverse Visionaries – Animoca Brands Raise US$75 Million

0

Digital property rights for gaming and metaverse company, Animoca brands has announced its completion in raising over US$75.32 million(approximately A$104.57 million) in Capital.

One of the worlds leading technology groups in the area of blockchain and gaming, The additional capital comes on the heels of Animoca Brands announcing that it raising over US$358,888,888 at an over US$5B valuation on 18 January 2022.

“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”

Yat Siu, co-founder and executive chairman of Animoca Brands

This new capital was gathered from investors including  Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and others.

“Over the next decade, humanity will discover and embrace the game changing power that blockchain based digital ownership of assets will bring to countless aspects of daily life. We are proud to support Animoca Brands, a highly talented team of visionaries and builders at the forefront of this movement to embrace and fulfil the promise of Web3.”

Emil Woods, managing partner of Liberty City Ventures

This new capital bolsters Animoca Brands’ mission to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse, including through its efforts to promote digital property rights for online users. 

Animoca Brand uses technologies including blockchain and NFTs to deliver true digital ownership of users’ virtual assets and data, enabling various DeFi and GameFi opportunities (including play-and-earn), asset interoperability, and an open framework that can lead to greater equitability for all participants in the open metaverse.

More about the Funds Raised

Funds were raised using Subscription Agreements with sophisticated and professional investors to raise a total of US$75.32 million (approximately A$104.57 million) at a subscription price of A$4.50 per share, for a total of 23,237,058 new shares. Following this raise, Animoca Brands will have a total of 1,836,142,334 fully paid ordinary shares on issue.

We may earn a commission for purchases using our links to help keep offering the free content. Learn more. 

All content on this site is provided with no warranties, express or implied. Use any information at your own risk. Privacy Policy.
Lance Cameron
Lance Cameronhttps://vishtany.github.io/
Lance is the Publisher and Chief Editor at BITVoxy. He writes about business, digital culture, crypto, gaming, tech, entertainment, and more. He considers himself a Digital Explorer and News Junkie.

Leave a Reply

- Advertisement -

Most Popular

17+ Fun Online Politics and Nation Simulation Games

Searching for an online nation Simulation Game? In this...

NoName Introduces A Special of Dating App

Tired of Swiping right? Ghosted conversations? No Name is a dating...

17 of The Best Free Torrent Clients

Looking for an alternative to BitTorrent or uTorrent? In...

Jamaican Mobile Money Solutions 2021

Are you in search of a Jamaican Mobile Money...

The Best & Most Popular Global Digital Media Groups

Want a List of the Internets best and most...

The Ultimate List of text-based online mafia games

Looking for text-based online mafia games? Want to be...
- Advertisement -